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| Fight Terror not Govt |
 RATHER than fighting terrorism,
Pakistani judges and journalists
are pursuing political
vendettas against an elected
government.
On the anniversary of Osama bin
Laden's death last week, Pakistan was
the only Muslim country in which hundreds
of demonstrators gathered to
show solidarity with the dead. |
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| USELESS
ECONOMICS |
 AFEW days ago, I read an
authoritative-sounding
paper in The American
Economic Review, one of
the leading journals in the
field, arguing at length that the
nation's high unemployment rate
had deep structural roots and wasn't
amenable to any quick solution.
The author's diagnosis was that the
US... |
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 | Food prices on the rise
in GCC states, says QNB DESPITE a slight easing in April,
the price of food in global commodity
markets remains near
historic highs. In the GCC, retail
food prices continue to trend
upwards. QNB Group notes that
the global food crisis that began
in 2007 may be far from...
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| | Qatar Exchange trade value down 29% |  THE Qatar Exchange (QE)
showed a negative performance
during the five trading days of the
week that started on May 6. The
official QE index decreased by 1.4
percent over previous week´s closing
and finished the week at
8,548.26 points on Thursday.
Alshall´s index (cap weighted)
closed at 1,210.19 points, decreasing
by 2.53 percent compared to
previous week´s closing of 1,241.62
points. Alshall index is produced
by Alshall Economic Services, a
Qatar-based business advisory
services company.
Total value of trade during the
five trading days was
QR1,834,890,763. This represents
a decrease of 29.3 percent compared
to QR2,595,857,015 in the
previous... | | | Chesapeake wins breathing
space with $3 billion loan |  CHESAPEAKE Energy said it
had received a $3 billion loan
from Goldman Sachs and
Jeffries Group that will give it
breathing room to sell assets
and close a funding gap this
year.
The company, which has
been embroiled in a corporate
governance crisis that
prompted its move to replace
co-founder Aubrey Mc-
Clendon as chairman, said
the new unsecured loan will
be used to repay money borrowed
under its existing $4
billion revolving credit facility.
"This short-term loan from
Goldman and Jefferies provides
us with significant additional
financial flexibility as
we execute our asset sales
during the remainder of
2012," McClendon, who will
remain as chief... | | | China acts to boost loans,
bolster flagging economy |  CHINA´S central bank cut the
amount of cash that banks
must hold as reserves on
Saturday, freeing an estimated
400 billion yuan ($63.5
billion) for lending to headoff
the risk of a sudden slowdown
in the world´s secondlargest
economy.
The People´s Bank of China
delivered a 50 basis point cut
in banks´ reserve requirement
ratio (RRR), effective from
May 18, the third cut in six
months and one that
investors had called for after
data on Friday showed the
economy weakening, not
recovering, from its slowest
quarter of growth in three
years.
Industrial production
weakened sharply in April
and fixed asset investment - a
key growth driver - hit its lowest
level in... | |
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